G7 Pledges $600 Billion Investment To Support Emerging Market Infrastructure ...Middle East

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G7 Pledges $600 Billion Investment To Support Emerging Market Infrastructure
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Amid rising inflation and debt levels in emerging markets, G7 leaders pledged in June to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counterbalance the influence of China’s sweeping Belt and Road Initiative (BRI). The Partnership for Global Infrastructure and Investment (PGII) seeks to address many of the long-term global challenges related to climate change, energy and food security, ICT, health and gender equity. Led by the US, which has pledged $200bn, or one-third of the…

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